US inflation expectations rising after the end of Iran oil import ban exemptions
As the expected rate of inflation rose during the next five years to 1.89% in US trading as the highest level of the five-year break-even rate in one month.
The nominal yield of bonds linked to inflation for five years increased by 1.7 basis points in today's trading
This came against the background of the decision of the US President Donald Trump's administration to end the exemptions to ban Iranian oil imports to eight countries as of May 1.West Texas crude oil touched the level of $ 65.98 a barrel during the day after the US decision and awaiting Saudi assurances of compensating the Iranian loss
It is mentioned that oil prices are a key factor in calculating current inflation rates and future expectations for the prices of many oil-related products
